MillerKnoll Inc (MLKN)
Debt-to-equity ratio
| May 31, 2025 | May 31, 2024 | Jun 3, 2023 | May 31, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | 1,365,100 | — | — |
| Total stockholders’ equity | US$ in thousands | 1,275,800 | 1,385,100 | 1,432,600 | 1,432,600 | 1,427,100 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.95 | 0.00 | 0.00 |
May 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,275,800K
= 0.00
The debt-to-equity ratio for MillerKnoll Inc demonstrates a notable variation over the specified periods. As of May 31, 2022, and May 31, 2023, the ratio stands at 0.00, indicating that the company had either no debt relative to its equity or a negligible amount of debt during these dates. This suggests a conservative capital structure with minimal reliance on debt financing at that time.
However, a significant change is observed by June 3, 2023, where the ratio increases to 0.95. This indicates that MillerKnoll Inc adopted a more leveraged position, with debt nearly equivalent to its equity, reflecting a potential shift in financing strategy or operational needs. Such a substantial increase could imply additional borrowings or debt issuance within this period.
For the subsequent period leading up to May 31, 2024, the ratio returns to 0.00, implying that the company possibly reduced its debt levels, paid down existing obligations, or restructured its capital, thereby restoring its debt-to-equity ratio to a negligible level.
The data for May 31, 2025, is unavailable or not disclosed, denoted by a dash, which prevents further analysis for that date.
Overall, the ratio's trajectory indicates a period of conservative financing, a brief phase of increased leverage, followed by a return to minimal indebtedness. This pattern may reflect strategic adjustments in the company’s capital structure, possibly influenced by operational, financial, or market considerations.